Short Interest in NetSol Technologies, Inc. (NASDAQ:NTWK) Rises By 192.4%

by · The Cerbat Gem

NetSol Technologies, Inc. (NASDAQ:NTWK – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 23,100 shares, an increase of 192.4% from the March 15th total of 7,900 shares. Based on an average daily volume of 21,700 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of NetSol Technologies

Several institutional investors and hedge funds have recently bought and sold shares of NTWK. Wolverine Trading LLC increased its holdings in NetSol Technologies by 184.8% in the fourth quarter. Wolverine Trading LLC now owns 12,883 shares of the software maker’s stock valued at $36,000 after buying an additional 28,083 shares in the last quarter. Squarepoint Ops LLC acquired a new position in NetSol Technologies in the 4th quarter worth about $28,000. Topline Capital Management LLC acquired a new stake in NetSol Technologies in the fourth quarter valued at approximately $1,351,000. Dimensional Fund Advisors LP increased its position in shares of NetSol Technologies by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 109,247 shares of the software maker’s stock valued at $286,000 after buying an additional 4,199 shares in the last quarter. Finally, Perritt Capital Management Inc increased its holdings in NetSol Technologies by 142.3% in the 4th quarter. Perritt Capital Management Inc now owns 50,000 shares of the software maker’s stock worth $131,000 after acquiring an additional 29,361 shares in the last quarter. 16.02% of the stock is currently owned by institutional investors and hedge funds.

NetSol Technologies Trading Up 6.3 %

Shares of NTWK traded up $0.14 during mid-day trading on Tuesday, hitting $2.36. The company’s stock had a trading volume of 24,030 shares, compared to its average volume of 21,847. The firm has a market capitalization of $27.54 million, a price-to-earnings ratio of -33.71 and a beta of 0.89. The company’s 50-day moving average is $2.42 and its 200-day moving average is $2.67. NetSol Technologies has a 52-week low of $2.14 and a 52-week high of $3.34.

NetSol Technologies (NASDAQ:NTWK – Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.10) earnings per share (EPS) for the quarter. NetSol Technologies had a negative return on equity of 2.11% and a negative net margin of 1.34%. The business had revenue of $15.54 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of NetSol Technologies in a research report on Friday. They issued a “buy” rating for the company.

View Our Latest Stock Analysis on NTWK

About NetSol Technologies

(Get Free Report)

NetSol Technologies, Inc designs, develops, markets, and exports enterprise software solutions to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry.

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